"Iksan Busong I-Park" for Sale with Promising Future Value

- First Costco Opening in Honam Region Boosts Phase 2 Development of National Food Cluster
- Various Sales Benefits Offered Despite Iksan's First 'I-Park'

[HDC Hyundai Development Company, 'Iksan Busong I-Park' Rendering]

Value investors in the Jeonbuk region are paying attention to ‘Iksan City.’ As development prospects directly affecting real estate become visible, it is laying the foundation not only for increased residential value but also for rising housing prices.

Value investing, commonly referred to, is one of the widely used methods in the stock market. It refers to buying stocks of high-quality companies based on their intrinsic value and growth rate, ignoring short-term price fluctuations, and holding them for the long term.

This principle of value investing also applies to the real estate market. It involves investing in places worth holding for the long term, typically 2 to 3 years or more, focusing on future value. The reason value investing is gaining traction in the real estate market is that, unlike in the past, it has become difficult to make quick profits due to the ongoing high-interest rate environment and rising sale prices. As a result, investors are approaching the market from a mid- to long-term perspective and turning their attention to regions capable of sustained growth.

Iksan City had shown low preference due to uncertainties surrounding long-stalled development plans and being overshadowed by the residential conditions of the neighboring Jeonju City. However, one of the key development prospects, the ‘Costco attraction,’ broke the long stalemate and achieved the milestone of becoming the first in the Honam region to attract Costco by signing an investment agreement (MOU) for store opening in early May.

Costco is a membership-based warehouse discount store limited to the metropolitan area, Sejong, and Daejeon. In Iksan City, construction is planned to begin in the second half of this year in the Wanggung-myeon area adjacent to the Honam Expressway interchange, with the goal of opening as early as 2026.

According to Iksan City, the entry of Costco is expected to create about 200 jobs and have ripple effects on the local economy, including population and tourist increases. It is anticipated that floating populations from nearby Jeonju, Gunsan, as well as Gwangju and Jeonnam regions, will flock to this location.

Moreover, the government’s ongoing second-phase development of the National Food Cluster is another boon. It is being promoted with a preliminary feasibility study in the second half of this year, followed by industrial complex plan approval and notification, aiming for construction start in January 2026 and completion by December 2028. Iksan City expects the second-phase project to generate employment effects for 18,000 people and regional production inducement effects worth 5.348 trillion KRW.

As these positive developments become visible, the ‘Iksan Busong I-Park’ currently being built by HDC Hyundai Development Company is gaining a reputation as a suitable sale complex for real estate value investment. This is because the Busong 4 District area in Busong-dong, Iksan City, where the complex is located, is geographically positioned for easy access to the Costco Iksan branch and the Wanggung-myeon area where the second phase of the National Food Cluster development is underway.

Additionally, it stands out as Iksan City’s first ‘I-Park’ branded apartment and the last private sale apartment in the highly preferred Yeongdeung living area, securing both symbolic value and rarity.

The real estate industry suggests that since development prospects are becoming visible around the complex, the premium for the currently selling ‘Iksan Busong I-Park’ is expected to be higher than anticipated. This implies that now is the optimal time to secure a position before premiums rise and entry barriers increase.

‘Iksan Busong I-Park,’ built by HDC Hyundai Development Company, is an apartment complex supplied in Block C of Busong 4 District, Busong-dong, Iksan City. It consists of 5 buildings ranging from 2 basement floors to 20 above-ground floors, with a total of 511 households and exclusive areas ranging from 84 to 123㎡. The number of households by area is △84㎡A 194 units △84㎡B 119 units △104㎡ 158 units △123㎡ 40 units.

In addition to the investment value mentioned earlier, this complex offers considerable residential value. The complex is mainly arranged facing south with 4Bay plate-type units to maximize lighting and ventilation, and various themed landscaping spaces are arranged throughout the complex, allowing residents to enjoy walks and leisure activities without going far.

Wide distances between buildings and ample parking spaces enhance the quality of living, and high-end community facilities unique to ‘I-Park’ are also included. Furthermore, various technologies such as △HDC IoT system △energy-saving clean systems △smart digital systems are applied to provide a convenient living environment.

Within walking distance from the complex are Gungdong Elementary School and Eoyang Middle School, and the Yeongdeung academy district as well as the Busong Library, a municipal library, are accessible. Shopping, cultural, and medical facilities such as Homeplus (Iksan branch), Lotte Mart (Iksan branch), CGV Iksan, Iksan General Hospital, and Iksan Arts Center are also easily accessible. Additionally, the proximity to Iksan 2nd General Industrial Complex and Iksan National Industrial Complex, where various companies’ production plants are located, ensures convenience for commuting and secures a demand base from industrial complex workers.

The ‘Iksan Busong I-Park’ is currently being sold successfully. It offers a fixed contract deposit of 10 million KRW (first phase) and 60% of the intermediate payment with zero-interest financing benefits, reducing the financial burden. There is no obligation for actual residence, and resale of the sale rights is possible after full payment of 10% of the contract deposit, allowing buyers to experience the ‘I-Park’ brand premium and capital gains from development prospects.

Detailed information about ‘Iksan Busong I-Park’ can also be found on the website. The model house is located in the Busong-dong area of Iksan City.